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InterContinental Hotels Group is to return a further $750 million to
shareholders through a special dividend, raising the total amount of cash
returned to investors since its demerger from Mitchells & Butlers in
2003 to $10.3 billion.

The group, which is largely funding the distribution from asset disposals,
hinted at yet further returns after confirming that, with demand for prime
hotel assets strong, it was also “reviewing opportunities for further asset
disposals”, notably its luxury InterContinentals in Paris and Hong Kong.

Although IHG is not setting a timeframe for further sales, analysts expect the
group to move quickly and Deutsche